i have created another order, but seems nobody is able to do what i think is a must have for any retail trader.
i need a tool that blocks mt4 from working (i.e. processing manual orders) once certain loss tresholds get traspassed.
any idea is welcome. it could also be achieved via 2 accounts, a master and a slave, preventing the slave to copy once master loses too much.
it can be done also by taking advantage of another trader's collaboration.
original idea is a tool that prevents manual orders to be executed once certain tresholds are overcome (e.g. number of consecutive losses, % of balance lost...)
I need a tool that blocks MT4 for a time that can be set once risk paramenters are reached:
1. % of the balance lost
2. and/or x number or losses in x amount of time
i need it to have a PASSWORD that can be set in order to adjust these parameters and make MT4 run again after the blockage.
Moreover the amount of time the blockage has to last has to be adjustable.
i need a tool that makes my platform to STOP WORKING once certain losses or consecutive losses are made. i need it to have the risk paramenters to be adjustable, the time during which mt4 has to stop workingmust be adjustable. EN
it's not possible that in the retail world such a necessary tool is not available
P.S. i do not need any answer advicing psychological consult, it's about 1-2 year compounding plan and it's human nature to go through times when strict discipline is easily broken, and you can throw away months of work. THANK YOU